New data brief and data files from the National Science Foundation (NSF) released today.
Federal funding of higher education research and development failed to outpace inflation for the third straight year, according to data from the National Science Foundation’s (NSF’s) Higher Education Research and Development (HERD) Survey. When adjusted for inflation, federal funding for higher education R&D declined by 5.1% between FY 2013 and FY 2014 and has fallen over 11% since its peak in FY 2011. This is the longest multiyear decline in federal funding for academic R&D since the beginning of the annually collected data series in FY 1972.
Overall, universities reported current dollar R&D expenditures of $67.3 billion in FY 2014, a 0.2% increase from the FY 2013 total of $67.1 billion. This total represents the reported totals of 895 degree-granting institutions that spent at least $150,000 in R&D in the previous fiscal year. The remainder of this InfoBrief will focus on the 634 institutions included in the full version of the HERD Survey (standard form) that reported at least $1 million in R&D during their previous fiscal year and that accounted for 99.8% of the total R&D expenditures reported in FY 2014.
Direct to Data Tables